Boulder’s core asset is the Company-operated, 81 percent working interest Brazeau property. Brazeau is a large, delineated asset stretching over a 40-mile fairway and focused on the multi-zone Belly River sands. The Belly River at Brazeau produces premium-priced, 44° API light oil, as well as natural gas liquids (including condensate) and natural gas. Brazeau holds an estimated 880 million barrels of discovered oil initially in place and a further 468 million barrels of undiscovered oil initially in place, as well as natural gas and natural gas liquids.